Automated Truck Market Growth, Industry In Depth Research, Advancements, Statistics, Facts and Figures by Forecast 2028 | AB Volvo, Aptiv, EMBARK, Continental AG, Daimler AG, Intel Corporation, NVIDIA, Qualcomm Technologies Inc., Robert Bosch GmbH

The Global Automated Truck Market is projected to reach USD 2.12 billion by 2028, growing at a CAGR of 17.4% during a forecast period.

The market for automated truck has been segmented in major regions to understand the global development and demand patterns of this market. The Asia Pacific dominated the automated truck market due to the presence of Australia in the region, which has significantly large and highly advanced mines in the world. In 2018, the country adopted a large number of automated haul trucks.

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This comprehensive market analysis explores market growth potential for automated truck market that can help stakeholders understand key developments and expectations in the market for automated truck market defining opportunities for growth and competitive scenarios. The study also draws on data from multiple primary and secondary sources, and will be analyzed using different methods. It helps gain insight into the growth potential of the market which can enable investors to recognize scope and opportunities. The analysis also gives details of the individual segments in the global automated truck market.

According to the report, transportation application is projected to witness lucrative growth on account of the expansion of automotive, aerospace, and shipbuilding sectors. The cab-integrated segment is expected to hold a large share of the automated truck market, as most tests are presently conducted only on cab-integrated trucks, and cables trucks are only showcased by manufacturers and have not yet been effectively tested. Moreover, the high cost of cabless trucks is likely to hinder the cabless segment in the automated truck market.

What is an Automated Truck?
An automated truck is also known as a self-driving truck and robotic truck. The self-driving system uses infrared radars, LIDAR (laser radar), cameras, sophisticated motion sensors, incredibly accurate sensors, and complex algorithms among others that allow the truck to drive itself.

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Key Factors Impacting the Growth of Automated Truck Market:
o Increase in road safety
o Reducing the repercussions of the truck driver shortage
o Cybersecurity and data security concerns
o Lack of information technology, communication infrastructure in developing nations
o Increasing demand for vehicle connectivity technology with 5 G
o Recent demand for semi-autonomous and autonomous truck platooning

This report provides:
1) A summary of the global automated truck market and associated technologies.
2) Analysis of global industry dynamics, monthly projections and annual compound growth rate predictions (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global automated truck market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

With an emphasis on strategies there have been several primary developments done by major companies such as AB Volvo, Aptiv, EMBARK, Continental AG, Daimler AG, Intel Corporation, NVIDIA, Qualcomm Technologies Inc., Robert Bosch GmbH, Waymo LLC, Valeo, WABCO, ZF Friedrichshafen AG, and Autonomous Solutions Inc.

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Market Segmentation:

By Truck Type:
o Cab Integrated
o Cabless

By Autonomy Level:
o Level 3
o Level 4
o Level 5

By Sensor:
o RADAR
o LiDAR
o Camera
o Others

By End-Use Industry:
o Logistics
o Mining
o Others

By Region:

North America
 By Country (US, Canada, Mexico)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Western Europe:
 By Country (Germany, UK, France, Spain, Rest of Western Europe)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Eastern Europe:
 By Country (Russia, Turkey, Rest of Eastern Europe)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Asia Pacific
 By Country (China, Japan, India, Rest of Asia Pacific)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Middle East:
 By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Rest of the World
 By Region (South America, Africa)
 By Truck Type
 By Autonomy Level
 By Sensor
 By End-Use Industry

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.